Be in the know. 19 key reads for Tuesday…

  1. Estée Lauder in Talks to Acquire Spain’s Puig to Create Global Beauty Giant (wsj)
  2. Comstock Resources, Inc. announces selection of Western Haynesville site to host power generation hub (comstock)
  3. 200 Million More Friends on Venmo — Send Money to PayPal Users Around the World (paypal)
  4. Alibaba Unveils New Chip Design to Meet Surging Demand for AI (bloomberg)
  5. From infrastructure to AI: how Alibaba Cloud powers the global ambitions of Chinese companies (scmp)
  6. Alibaba unveils AI agent platform to automate global e-commerce for small businesses (scmp)
  7. China’s open-source dominance threatens US AI lead, US advisory body warns (reuters)
  8. China’s AliExpress tells EU lawmakers it is working to comply with law (reuters)
  9. European Car Sales Rise as EV Demand Gains Momentum (bloomberg)
  10. Toyota to Invest Further $1 Billion to Boost Output at US Plants (bloomberg)
  11. Citadel Securities’ Rubner Sees Short Squeeze Fueling US Stocks Rally (bloomberg)
  12. ‘Peak Pessimism’ Toward Consumer Stocks Flashes a Buy Signal (bloomberg)
  13. Financials have the biggest underweight across sectors (zerohedge)
  14. U.S. Energy Secretary Wright Says Oil Price Rise Hasn’t Destroyed Demand (wsj)
  15. Fed’s Miran Still Backs Rate Cuts Despite Surging Oil Prices (wsj)
  16. Guggenheim raises Pfizer stock price target on drug trial outlook (investing)
  17. BofA reiterates Buy on Disney stock, cites experiences growth (investing)
  18. Trump Sets Up ‘Pax Silica’ Fund to Reduce Global Dependencies (nytimes)
  19. Apollo caps investor withdrawals from flagship private credit fund (ft)